Revision: Oct. 30, 2023, 10:28 a.m.
2024 SESSION
24-2630.0
08/05
HOUSE BILL [bill number]
SPONSORS: [sponsors]
COMMITTEE: [committee]
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ANALYSIS
This bill directs the commissioner to develop a program requiring environmental surety bonds for businesses that pose a significant risk to the state's natural resources.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
24-2630.0
08/05
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty Four
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Paragraph; Duties of Commissioner; Surety Bonds. Amend RSA 21-O:3 by inserting after paragraph X the following new paragraph:
XI. Identify industries doing business in the state that could potentially pollute the air, water, or soil and require persons working in such industries to have surety bonds in place during the licensing process. The commissioner shall develop a formula to calculate the amount of the bond based on a percentage that would adequately compensate citizens for environmental damages caused by the person and to assist in remediation efforts. The commissioner shall further develop a program to evaluate and renew bonds yearly considering factors such as company growth and profits.
2 Effective Date. This act shall take effect 60 days after its passage.